Malaysia’s Property Market Expected to Shift from a Seller’s Market to a Buyer’s Market
April 21, 2020
Email Malaysian Institute of Estate Agents President, Lim Boon Ping, said that the property market is expected to witness at least a 10% reduction at the end of the Movement Control Order (MCO) enforced by the Government of Malaysia. He made this statement during the online ASEAN Real Estate Forum. Ping stated that Malaysia's property prices could reduce by a maximum of 20%.
K Soma Sundram, the Secretary General of ASEAN Real Estate Networking Alliance (ARENA) stated that there will be potential buyers waiting for the MCO to end to capitalize on properties sold by desperate real estate owners, who will need the cash to finance themselves or require money to strengthen their cash position.
